Pandora Media Inc (NYSE:P) has been assigned an average rating of “Hold” from the forty-four research firms that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, twenty-seven have given a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.98.

P has been the topic of several recent research reports. J P Morgan Chase & Co lowered Pandora Media from an “overweight” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Friday, November 3rd. Zacks Investment Research raised Pandora Media from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Stifel Nicolaus set a $12.00 target price on Pandora Media and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies set a $13.00 target price on Pandora Media and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 target price on shares of Pandora Media in a research report on Thursday, September 14th.

In other Pandora Media news, CRO John Trimble sold 10,204 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $5.11, for a total value of $52,142.44. Following the completion of the transaction, the executive now directly owns 454,645 shares of the company’s stock, valued at $2,323,235.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stephen G. Bene sold 7,967 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $5.11, for a total value of $40,711.37. Following the completion of the transaction, the general counsel now directly owns 330,865 shares of the company’s stock, valued at $1,690,720.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,682 shares of company stock valued at $192,555. 2.59% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP bought a new stake in shares of Pandora Media in the third quarter valued at about $259,000. Cubist Systematic Strategies LLC bought a new stake in Pandora Media during the third quarter worth about $1,865,000. Alyeska Investment Group L.P. raised its holdings in Pandora Media by 21.3% during the third quarter. Alyeska Investment Group L.P. now owns 5,165,300 shares of the Internet radio service’s stock worth $39,773,000 after acquiring an additional 906,180 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in Pandora Media during the third quarter worth about $180,000. Finally, Cowen Inc. raised its holdings in Pandora Media by 70.3% during the third quarter. Cowen Inc. now owns 69,500 shares of the Internet radio service’s stock worth $535,000 after acquiring an additional 28,700 shares in the last quarter.

Pandora Media (NYSE P) traded up $0.21 on Thursday, reaching $5.19. The company’s stock had a trading volume of 24,091,718 shares, compared to its average volume of 14,760,000. The company has a current ratio of 4.18, a quick ratio of 4.18 and a debt-to-equity ratio of 1.58. Pandora Media has a 12-month low of $4.44 and a 12-month high of $13.72.

Pandora Media (NYSE:P) last announced its quarterly earnings data on Thursday, November 2nd. The Internet radio service reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.02. Pandora Media had a negative return on equity of 74.78% and a negative net margin of 39.49%. The company had revenue of $378.60 million for the quarter, compared to analyst estimates of $380.54 million. During the same quarter last year, the firm earned ($0.07) EPS. Pandora Media’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts expect that Pandora Media will post -1.09 EPS for the current fiscal year.

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Pandora Media Company Profile

Pandora Media, Inc (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements.

Analyst Recommendations for Pandora Media (NYSE:P)

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